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Bear State Posts $2.5M Profit in 2Q

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Bear State Financial Inc. of Little Rock, the publicly traded holding company for Bear State Bank, announced Friday second quarter 2015 earnings of $2.5 million.

Southern Bank Now Offering Security App

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Southern Bank — a $1.3 billion financial institution based in Missouri, but with locations in seven Arkansas cities — has launched CardValet, a security service in mobile app form allowing customers to control “when, where and how” their credit or debit card is used, a bank news release said.

Mark Wilson Promoted to SVP/Chief Credit Officer at First Arkansas Bank & Trust (Movers & Shakers)

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Mark Wilson, who has been with First Arkansas Bank & Trust of Jacksonville since 2001, has been promoted to senior vice president and chief credit officer. Since he joined the bank as a loan officer, Wilson has been involved in supervising online banking, debit cards and the Customer Service Call Center.

What $100 Means in Arkansas: A State-by-State Analysis

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The Tax Foundation, a nonprofit that studies tax policy, last month published a map showing the real value of $100 in each state in the country.

Regions Insurance's Fred Stone on the Most Important Item Your Company Should Protect

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In 2005, Fred Stone became CEO of Rebsamen Insurance, which changed its name in December 2007 to Regions Insurance. Stone lives in Rogers and commutes most weeks to Little Rock.

Nightmare on Main Street (U.S. Reps. French Hill and Stephen Fincher Commentary)

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U.S. Reps. French Hill (R-Ark.) and Stephen Fincher (R-Tenn.) write on the fifth anniversary of the Dodd-Frank banking reforms and its effect on small and medium-sized financial institutions and consumers.

Survey: US Businesses Added 185K Workers in July

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The rate of hiring by U.S. businesses slowed in July, according to a private survey. But job gains remained at a solid level, which should help boost overall economic growth.

Conner Eldridge Suggested as Potential Challenger to Boozman in '16

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If you were thinking Republican U.S. Sen. John Boozman might go unchallenged by a Democrat in 2016, think again. The calls that Ross Whipple of Arkadelphia has been making lead us to believe that his son-in-law, W. Conner Eldridge Jr., has moved past the thinking stage and will soon announce his candidacy.

Batesville Chamber, Citizens Bank Plan Women in Business Leadership Conference

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The Batesville Area Chamber of Commerce said Tuesday that Citizens Bank will present the area's first Women in Business Leadership Conference in October.

Centennial Bank Forecloses on Loan for John Rogers Home

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Centennial Bank of Conway foreclosed on delinquent loans totaling nearly $3.5 million to alleged fraudster John Rogers and his ex-wife, Angelica.

Watergate Apartments Draw $7.8 Million Sale (Real Deals)

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The sale of a 148-unit apartment complex in Little Rock tipped the scales at $7.8 million.

Dillard's 2Q Net Down 13 Percent, Same-Store Sales Up 1 Percent

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Dillard's Inc. of Little Rock on Thursday reported second-quarter net income of $29.9 million, or 75 cents per share, down 13 percent from $34.5 million, or 80 cents per share, in the same quarter last year. CEO William Dillard II said the retailer was "disappointed" by its overall performance.

Tech Park Negotiating with Banks to Finance First Phase

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The Little Rock Tech Park Authority Board will negotiate with a consortium of local financial institutions on a plan to finance $17.5 million for development of the park's first phase along Main Street in downtown Little Rock.

Party City Purchase Tops $2.8 Million (Real Deals)

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An 8,100-SF retail project in west Little Rock weighed in at more than $2.8 million. A 1,866-SF KFC in Little Rock changed hands in a $1.65 million sale. And a 13,190-SF warehouse in North Little Rock rang up a $625,000 transaction.

Exit from Arkansas Imminent for Alabama's SouthBank

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The pending sale of three Mississippi County branches opens the door for the Arkansas exodus of SouthBank of Huntsville, Alabama.

Farmers & Merchants Rakes In Bank of Fayetteville

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Bankshares of Fayetteville Inc., holding company of Bank of Fayetteville, represents the third acquisition by Farmers & Merchants Bankshares Inc. of Stuttgart in the past seven years.

Trustee Hopes to Avoid Allied Bank Stock Auction

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A new player has emerged in the bankruptcy case of Acme Holding Co. since its Chapter 11 reorganization was converted to Chapter 7 liquidation by judicial decree last month.

David Bartlett to Retire from Simmons; Ledbetter, Others Promoted

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David Bartlett will retire in January as president of Simmons First National Corp. of Pine Bluff, and Barry Ledbetter will assume his duties as chief banking officer of Simmons First National Bank.

Home BancShares Names Stephen Tipton New COO

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Stephen Tipton has been named the new Chief Operating Officer for Home BancShares and Centennial Bank.

Financial Quarter Planned to Revitalize More of Downtown Little Rock

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With hopes of revitalizing more of downtown Little Rock, studioMAIN is leading an effort to create the Financial Quarter, an area stretching from Sixth Street to the Arkansas River and Main Street to Broadway.
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